The company reported standalone net profit of Rs 92.30 crore for the quarter ended March 31, 2024 as compared to Rs 67.50 crore in the same period last year, registering a year-on-year growth of 36.74 per cent.

Net revenue of the company rose moderately by 16.82 per cent at Rs 299.30 crore in January-March quarter of this fiscal as against Rs 256.20 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 10.35 per cent to Rs 208.90 crore from Rs 189.30 crore in year ago period.

Other Income grew by 42.09 per cent at Rs 44.90 crore versus (Mar'23 Rs 31.60 crore).

Operating Profit surged by 35.13 per cent to Rs 90.40 crore as against Rs 66.90 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 15.66 per cent in March quarter.

Interest declined by 16.67 per cent y-o-y to Rs 1.00 crore, while Taxation increased by 70.00 per cent at Rs 32.30 crore (Mar'23 Rs 19.00 crore).